Top Estate Planning Techniques

Revocable Living Trust

A tool used to avoid probate and retain control over one’s assets during their lifetime and after death.

Property Power of Attorney

A legal document that assigns a person of your choosing control over your personal property and financial affairs in the event that you yourself cannot.

Healthcare Power of Attorney

A legal document that allows a person of your choosing to make healthcare decisions for you should you become incapacitated.

Irrevocable Life Insurance Trust (ILIT)

A trust that is created to hold title to a person’s life insurance policy. An ILIT’s main purpose is to avoid estate tax on the proceeds of a life insurance policy upon payout.

Annual Gift Tax Exclusion

An amount of money that can be transferred as a gift to another person each year without incurring a gift tax. This amount changes every few years and is adjusted for inflation.

Family Limited Partnership (FLP)

A type of partnership designed to pool a family’s assets together to transfer between generations. Primary uses of an FLP are to protect assets from creditors and erosion from taxes.

Charitable Remainder Trust (CRT)

A trust created for the purpose of providing the beneficiary an income stream with the remainder going to the creators chosen charity at the death of the beneficiary.

Free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.